Filed: 2/18/2026ACC: 0001067926-26-000003
📋 What this filing means
ADELANTE CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 42 equity positions with a total reported market value of $1.48B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
42
Positions
$1.48B
Total AUM (reported)
21.12M
Total Shares
Allocation by class
COM$1.48B100.0%
Portfolio Concentration
Top 3$454.44M30.6%
4–10$459.30M30.9%
11–25$442.35M29.8%
Rest$127.99M8.6%
Top 3 weight
30.6%
Top 10 weight
61.6%
Voting Authority Distribution
Total shares with voting rights: 21.12M
Sole
Full voting authority
12.10M
shares
% of voting shares57.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
9.02M
shares
% of voting shares42.7%
Investment Discretion (by position count)
Sole42
Shared0
Other0
Dominant voting typeSole · 57.3% of voting shares
Institutional Holdings42
Rows:
Welltower Inc.
SOLEShares1.01M
TypeSH
Market value$186.71M
12.58%
Sole
613.19K
Shared
0.00
None
392.74K
ProLogis Inc.
SOLEShares1.33M
TypeSH
Market value$169.84M
11.44%
Sole
792.34K
Shared
0.00
None
538.04K
Equinix Inc.
SOLEShares127.77K
TypeSH
Market value$97.89M
6.60%
Sole
76.88K
Shared
0.00
None
50.89K
Simon Property Group, Inc.
SOLEShares483.04K
TypeSH
Market value$89.42M
6.03%
Sole
303.37K
Shared
0.00
None
179.68K
Digital Realty Trust
SOLEShares476.43K
TypeSH
Market value$73.71M
4.97%
Sole
286.23K
Shared
0.00
None
190.20K
Realty Income
SOLEShares1.21M
TypeSH
Market value$68.21M
4.60%
Sole
737.53K
Shared
0.00
None
472.55K
Public Storage
SOLEShares241.22K
TypeSH
Market value$62.60M
4.22%
Sole
136.29K
Shared
0.00
None
104.92K
AvalonBay Communities, Inc.
SOLEShares317.91K
TypeSH
Market value$57.64M
3.88%
Sole
194.98K
Shared
0.00
None
122.92K
Equity Residential
SOLEShares855.47K
TypeSH
Market value$53.93M
3.63%
Sole
540.15K
Shared
0.00
None
315.32K
Ventas, Inc.
SOLEShares695.24K
TypeSH
Market value$53.80M
3.62%
Sole
442.41K
Shared
0.00
None
252.82K
Brookdale Senior Living
SOLEShares1.09M
TypeSH
Market value$50.45M
3.40%
Sole
413.30K
Shared
0.00
None
675.24K
Vici Properties
SOLEShares1.49M
TypeSH
Market value$41.91M
2.82%
Sole
844.95K
Shared
0.00
None
645.48K
American Homes 4 Rent
SOLEShares1.30M
TypeSH
Market value$41.74M
2.81%
Sole
790.62K
Shared
0.00
None
509.72K
Kimco Realty Corp.
SOLEShares1.98M
TypeSH
Market value$40.13M
2.70%
Sole
1.24M
Shared
0.00
None
735.11K
Equity Lifestyle Properties
SOLEShares579.88K
TypeSH
Market value$35.15M
2.37%
Sole
371.14K
Shared
0.00
None
208.74K
Brixmor Property Group
SOLEShares1.26M
TypeSH
Market value$32.95M
2.22%
Sole
795.95K
Shared
0.00
None
460.84K
Agree Realty Corporation
SOLEShares438.42K
TypeSH
Market value$31.58M
2.13%
Sole
242.53K
Shared
0.00
None
195.89K
Extra Space Storage, Inc.
SOLEShares221.43K
TypeSH
Market value$28.83M
1.94%
Sole
130.36K
Shared
0.00
None
91.07K
Iron Mountain
SOLEShares339.23K
TypeSH
Market value$28.14M
1.90%
Sole
212.02K
Shared
0.00
None
127.20K
Vornado Realty Trust
SOLEShares647.86K
TypeSH
Market value$21.56M
1.45%
Sole
247.40K
Shared
0.00
None
400.46K
Alexandria Real Estate Equitie
SOLEShares397.29K
TypeSH
Market value$19.44M
1.31%
Sole
203.47K
Shared
0.00
None
193.82K
Hilton, Inc.
SOLEShares67.49K
TypeSH
Market value$19.39M
1.31%
Sole
39.75K
Shared
0.00
None
27.75K
CBRE Group
SOLEShares109.09K
TypeSH
Market value$17.54M
1.18%
Sole
62.55K
Shared
0.00
None
46.55K
Ryman Hospitality Properties
SOLEShares184.40K
TypeSH
Market value$17.45M
1.18%
Sole
117.19K
Shared
0.00
None
67.21K
Mid-America Apartment Communit
SOLEShares115.76K
TypeSH
Market value$16.08M
1.08%
Sole
64.84K
Shared
0.00
None
50.92K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Welltower Inc.SOLE | COM | 1.01M | SH | $186.71M 12.58% | 613.19K | 0.00 | 392.74K |
ProLogis Inc.SOLE | COM | 1.33M | SH | $169.84M 11.44% | 792.34K | 0.00 | 538.04K |
Equinix Inc.SOLE | COM | 127.77K | SH | $97.89M 6.60% | 76.88K | 0.00 | 50.89K |
Simon Property Group, Inc.SOLE | COM | 483.04K | SH | $89.42M 6.03% | 303.37K | 0.00 | 179.68K |
Digital Realty TrustSOLE | COM | 476.43K | SH | $73.71M 4.97% | 286.23K | 0.00 | 190.20K |
Realty IncomeSOLE | COM | 1.21M | SH | $68.21M 4.60% | 737.53K | 0.00 | 472.55K |
Public StorageSOLE | COM | 241.22K | SH | $62.60M 4.22% | 136.29K | 0.00 | 104.92K |
AvalonBay Communities, Inc.SOLE | COM | 317.91K | SH | $57.64M 3.88% | 194.98K | 0.00 | 122.92K |
Equity ResidentialSOLE | COM | 855.47K | SH | $53.93M 3.63% | 540.15K | 0.00 | 315.32K |
Ventas, Inc.SOLE | COM | 695.24K | SH | $53.80M 3.62% | 442.41K | 0.00 | 252.82K |
Brookdale Senior LivingSOLE | COM | 1.09M | SH | $50.45M 3.40% | 413.30K | 0.00 | 675.24K |
Vici PropertiesSOLE | COM | 1.49M | SH | $41.91M 2.82% | 844.95K | 0.00 | 645.48K |
American Homes 4 RentSOLE | COM | 1.30M | SH | $41.74M 2.81% | 790.62K | 0.00 | 509.72K |
Kimco Realty Corp.SOLE | COM | 1.98M | SH | $40.13M 2.70% | 1.24M | 0.00 | 735.11K |
Equity Lifestyle PropertiesSOLE | COM | 579.88K | SH | $35.15M 2.37% | 371.14K | 0.00 | 208.74K |
Brixmor Property GroupSOLE | COM | 1.26M | SH | $32.95M 2.22% | 795.95K | 0.00 | 460.84K |
Agree Realty CorporationSOLE | COM | 438.42K | SH | $31.58M 2.13% | 242.53K | 0.00 | 195.89K |
Extra Space Storage, Inc.SOLE | COM | 221.43K | SH | $28.83M 1.94% | 130.36K | 0.00 | 91.07K |
Iron MountainSOLE | COM | 339.23K | SH | $28.14M 1.90% | 212.02K | 0.00 | 127.20K |
Vornado Realty TrustSOLE | COM | 647.86K | SH | $21.56M 1.45% | 247.40K | 0.00 | 400.46K |
Alexandria Real Estate EquitieSOLE | COM | 397.29K | SH | $19.44M 1.31% | 203.47K | 0.00 | 193.82K |
Hilton, Inc.SOLE | COM | 67.49K | SH | $19.39M 1.31% | 39.75K | 0.00 | 27.75K |
CBRE GroupSOLE | COM | 109.09K | SH | $17.54M 1.18% | 62.55K | 0.00 | 46.55K |
Ryman Hospitality PropertiesSOLE | COM | 184.40K | SH | $17.45M 1.18% | 117.19K | 0.00 | 67.21K |
Mid-America Apartment CommunitSOLE | COM | 115.76K | SH | $16.08M 1.08% | 64.84K | 0.00 | 50.92K |
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